Does the Brain Balance FDD include audited financials for BBF as of December 31, 2023?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit C are the unaudited balance sheet and profit and loss statements from January 1, 2025 through March 31, 2025 as well as the audited financials of BBF as of December 31, 2024, December 31, 2023, and December 31, 2022. These financial statements have been prepared in accordance with generally accepted accounting principles. BBF's fiscal year ends December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 70)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, the FDD includes audited financial statements for BBF as of December 31, 2023. These audited financials are part of a set that also includes audited financials as of December 31, 2024, and December 31, 2022.
In addition to the audited financials, the FDD also includes unaudited financial statements. Specifically, the FDD contains unaudited balance sheets and profit and loss statements from January 1, 2025, through March 31, 2025.
The inclusion of these audited financial statements is a standard practice in franchising, allowing prospective franchisees to review the financial health and performance of Brain Balance over the past three years. This information helps potential franchisees assess the financial stability of the franchisor before making an investment.